3 Bed Terraced House, Refurb/BRRR, Cardiff, CF14 5JY, £250,000

Morris Avenue, Cardiff, CF14 5JY - 1 views - 4 months ago

Refurb/BRRR

~93 m²

+19 photos

ValuationFair Value

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Refurb Costs	£37,882£37,882
Bridging Loan Interest	£6,563£6,563
Total Cash In	£117,395£117,395

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£310,000£310,000
Mortgage (After Refinance)	£232,500£232,500
Mortgage LTV	75%75%
Cash Released	£45,000£45,000
Cash Left In	£72,395£72,395
Equity	£77,500£77,500
Rent Range	£650 - £2,200£650 - £2,200
Rent Estimate	£1,060
Running Costs/mo	£1,201£1,201
Cashflow/mo	£-141£-141
Cashflow/yr	£-1,692£-1,692
Gross Yield	5%5%

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Local Rents

51 rents from £650/mo to £2.2K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£995	02/25	0.17 mi	-	2	Semi-Detached House
£1,000	12/24	0.17 mi	Johnston Road, Cardiff(City), CF14	2	Detached House
£700	02/25	0.22 mi	-	1	Flat
£700	12/24	0.22 mi	-	1	Flat
£1,000	10/24	0.24 mi	-	1	Terraced House
£875	12/24	0.29 mi	Templeton Avenue, Llanishen, CARDIFF	1	Flat
£875	12/24	0.35 mi	Templeton Avenue, Llanishen	1	Flat
£875	12/24	0.35 mi	Templeton Avenue, Llanishen	1	Flat
£1,700	12/24	0.36 mi	Avonridge CF14	4	Flat
£950	12/24	0.4 mi	-	2	Terraced House
£1,350	11/23	0.4 mi	-	3	Detached House
£900	12/24	0.4 mi	Heol Llanishen Fach, Cardiff. CF14 6RE	1	Flat
£895	12/24	0.42 mi	Lowfield Drive, Thornhill, Cardiff	2	Terraced House
£950	12/24	0.42 mi	Woodlawn Way, Thornhill, Cardiff	2	Terraced House
£1,100	12/24	0.54 mi	-	2	Terraced House
£1,000	12/24	0.56 mi	Ashbourn Way	2	Flat
£1,095	12/24	0.58 mi	Tatham Road, Llanishen	2	Flat
£850	12/24	0.59 mi	Oakridge, Thornhill	1	Detached House
£850	12/24	0.6 mi	Tatham Road, Llanishen, Cardiff	1	Flat
£850	12/24	0.6 mi	Oakridge, Thornhill, CARDIFF	1	Flat
£775	12/24	0.61 mi	-	1	Flat
£1,750	02/24	0.62 mi	-	4	Detached House
£1,150	12/24	0.63 mi	Watkins Square, Llanishen, Cardiff	3	Flat
£1,550	12/24	0.63 mi	Watkins Square	4	Flat
£975	12/24	0.64 mi	Heol Llanishen Fach, CARDIFF	2	Flat
£900	12/24	0.64 mi	Heol Llanishen Fach, Cardiff, CF14	2	Flat
£925	12/24	0.66 mi	Clos Y Wiwer, Thornhill, Cardiff	2	Flat
£1,100	12/24	0.68 mi	Tatham Road, Cardiff, CF14	2	Flat
£1,250	02/24	0.7 mi	-	3	Bungalow
£1,250	02/24	0.7 mi	-	3	Bungalow
£900	12/24	0.7 mi	Pen Y Groes Road, Rhiwbina, Cardiff	3	Flat
£895	12/24	0.71 mi	Heol Y Cadno, Thornhill, Cardiff	2	Terraced House
£1,050	12/24	0.72 mi	Oakridge, Thornhill, Cardiff	2	Terraced House
£750	11/24	0.75 mi	-	1	Flat
£900	12/24	0.75 mi	Clos Y Carlwm, Thornhill,	2	Terraced House
£1,800	02/25	0.76 mi	-	4	Semi-Detached House
£775	12/24	0.77 mi	Pentland Close, Llanishen	1	Flat
£775	12/24	0.77 mi	Pentland Close , Llanishen, Cardiff	1	Flat
£650	12/24	0.81 mi	Fidlas Road, Cardiff	1	Flat
£875	12/24	0.85 mi	Ffordd Ty Unnos, Birchgrove	1	Flat
£900	02/24	0.86 mi	-	2	Terraced House
£950	03/25	0.86 mi	-	2	Terraced House
£995	12/24	0.86 mi	Alwen Drive, Thornhill, CARDIFF	2	Terraced House
£875	03/24	0.88 mi	Heol Bryn Glas, , Llantwit Fardre	2	Flat
£1,100	12/24	0.92 mi	Porthamal Road, Rhiwbina, Cardiff, CF14	2	Flat
£950	12/24	0.95 mi	-	1	Flat
£850	12/24	0.95 mi	-	1	Flat
£1,250	01/24	0.95 mi	-	2	Flat
£1,450	12/24	0.99 mi	Heol Mynydd Bychan, Cardiff, Cardiff (County of), CF14	3	Terraced House
£1,200	12/24	0.99 mi	Brooklea Park, Lisvane, CARDIFF	2	Flat
£2,200	12/24	0.99 mi	-	4	Semi-Detached House

Local Area Statistics

Population in CF14	77,73377,733
Population in Cardiff	357,494357,494
Town centre distance	2.21 miles away2.21 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.82 miles away0.82 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+29%+29%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+29%+29%

Property History

Listed for £250,000

November 22, 2024

Floor Plans

Description

CHAIN FREE +
MID TERRACE FAMILY HOME +
TWO RECEPTION ROOMS +
INCREDIBLE POTENTIAL +
LARGE UTILITY AREA +
DOWNSTAIRS W/C +
PRIVATE REAR GARDEN +

Looking for a property bursting with potential in the desirable Llanishen area of Cardiff? This 3-bedroom mid-terraced house is your chance to create the home of your dreams!

Featuring a welcoming lounge and a separate dining room, this property is ideal for family living. A utility room with an adjoining cloakroom and convenience of a downstairs W/C, Kitchen with a pantry, and ample living space provide a fantastic layout. While the house is in need of modernisation, it’s brimming with possibilities to make it your own.

Outside, the large front and rear gardens offer endless opportunities for outdoor enjoyment and enhancement. Whether you envision vibrant landscaping, a play area, or a tranquil retreat, the outdoor space is ready for your creativity.

This is a rare opportunity to transform a charming home in a sought-after area. Contact us today to arrange a viewing and unlock the potential of this Llanishen gem!

Agent Details

Darlows, Llanishen

029 2271 5335

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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